EXERCISE 18-17 Reconciliation Schedule-Statement of Net Assets The following information was available about items that differed between the governmental funds and the government-wide statements. Assume that there are no internal service funds. The schedule of capital assets prepared for the year ended December 31, 2012, included the following items: Beginning Ending Government Activities Balance Additions Retirements Balance Total Capital Assets (at gross) $800,000 $60,000 $(30,000) $830,000 Less: Accumulated Depreciation (200.000) (40.000) 92.500 (217.500) Net Capital Assets $600.000 $20,000 $ (7,500) $612.500